Pain points that the mining policy strikes at
Experts are touting the new Mining Policy, 2008 as something for everyone. After a long-drawn-out period (over two years), the new policy has seen the light of day. “The policy provides for a paradigm shift from the traditional conservationist approach to an ‘appropriate-use of resource’ approach,” says Nabin Ballodia, Director, KPMG India. How does the policy balance national and economic interests? Is it too open? Will it be tra nsparent?
To answers questions like these, Business Line interacted with Mr Ballodia. He answers the first query by saying that, overall, the new mining policy is expected to instil confidence in the investors — both local and international. Excerpts from the e-mail interaction: